Jefferies Group set a $111.00 price target on EOG Resources (NYSE:EOG) in a research report report published on Thursday. The brokerage currently has a hold rating on the energy exploration company’s stock. Jefferies Group also issued estimates for EOG Resources’ Q1 2018 earnings at $0.94 EPS, Q2 2018 earnings at $1.06 EPS and FY2020 earnings at $7.53 EPS.
Several other analysts have also commented on the stock. Zacks Investment Research upgraded shares of EOG Resources from a hold rating to a buy rating and set a $129.00 price objective for the company in a report on Monday, January 15th. Credit Suisse Group started coverage on shares of EOG Resources in a report on Monday, December 11th. They issued a neutral rating and a $106.00 price objective for the company. Robert W. Baird lowered their price objective on shares of EOG Resources from $115.00 to $114.00 and set an outperform rating for the company in a report on Monday, December 18th. Citigroup upgraded shares of EOG Resources from a neutral rating to a buy rating and set a $125.00 price objective for the company in a report on Wednesday, January 3rd. Finally, Argus raised their price objective on shares of EOG Resources to $133.00 and gave the stock a buy rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $118.88.
Shares of EOG Resources (EOG) opened at $102.80 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. EOG Resources has a 1-year low of $81.99 and a 1-year high of $119.00. The company has a market cap of $59,483.78, a PE ratio of 23.05, a price-to-earnings-growth ratio of 3.33 and a beta of 1.09.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a $0.185 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, April 13th. EOG Resources’s payout ratio is presently 15.02%.
In related news, CFO Timothy K. Driggers sold 8,871 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the completion of the transaction, the chief financial officer now directly owns 185,157 shares in the company, valued at approximately $19,524,805.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Gary L. Thomas sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the transaction, the president now owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,934 shares of company stock valued at $7,820,085. 0.53% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in EOG. Chicago Partners Investment Group LLC raised its holdings in EOG Resources by 178.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after acquiring an additional 712 shares during the last quarter. Banco de Sabadell S.A bought a new stake in EOG Resources in the 4th quarter worth approximately $109,000. Clearbridge Investments LLC grew its position in EOG Resources by 106.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock worth $119,000 after purchasing an additional 568 shares during the period. SeaCrest Wealth Management LLC bought a new stake in EOG Resources in the 4th quarter worth approximately $123,000. Finally, Cerebellum GP LLC bought a new stake in EOG Resources in the 4th quarter worth approximately $125,000. Institutional investors own 84.74% of the company’s stock.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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